Australian inflation hits 21-year high, peak yet to come

Australian inflation hits 21-year high, peak yet to come

Q2 CPI rose 1.8% q/q, 6.1% y/y just below forecast Core inflation up record 4.9% YoY vs RBA target of 2-3% RBA seen 50bps rise next week, 75bps less chance SYDNEY, July 27 (Reuters) – Australian inflation hit a 21-year high in the last quarter and is expected to pick up further as food and … Read more

Fed to unveil another big rate hike as signs of economic slowdown mount

Fed to unveil another big rate hike as signs of economic slowdown mount

U.S. Federal Reserve Chairman Jerome Powell answers questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022 .REUTERS/Elizabeth Frantz/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – As the Federal Reserve is expected to raise its … Read more

Fed to unveil another big rate hike as signs of economic slowdown mount

Fed to unveil another big rate hike as signs of economic slowdown mount

U.S. Federal Reserve Chairman Jerome Powell answers questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022 .REUTERS/Elizabeth Frantz/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – As the Federal Reserve is expected to raise its … Read more

Google helps jittery stocks ahead of the Fed

Google helps jittery stocks ahead of the Fed

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing the Shanghai Composite Index, the Nikkei Index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/ Kim Kyung Hoon Join now for FREE unlimited access to Reuters.com Register Nasdaq futures … Read more

Wall Street tumbles as Walmart warning rocks retail sector

Wall Street tumbles as Walmart warning rocks retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Walmart slashes profit forecast and drags retailers in McDonald’s up in sales and profit GE jumps on higher profits, Coca-Cola up on forecast Indices down: … Read more

Oil rises for a second day on supply issues

Oil rises for a second day on supply issues

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Russian Gazprom tightens pressure on gas flows to Europe The Fed is expected to raise rates by 75 basis points on Wednesday Brent … Read more

Asian stocks rebound on Chinese property fund as Fed hike looms

Asian stocks rebound on Chinese property fund as Fed hike looms

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying stock market indices for various countries, including the Russian Trading System (RTS) index which stands empty, outside a brokerage house in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

Asian stocks rebound on Chinese property fund as Fed hike looms

Asian stocks rebound on Chinese property fund as Fed hike looms

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying stock market indices for various countries, including the Russian Trading System (RTS) index which stands empty, outside a brokerage house in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

S&P 500 ends choppy session almost flat; investors watch the Fed, earnings

S&P 500 ends choppy session almost flat;  investors watch the Fed, earnings

Apple and Amazon.com among companies to report earnings this week FOMC to kick off two-day policy meeting starting Tuesday Miner Newmont plummets after raising annual cost forecast Indices: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 oscillated on Monday and ended virtually unchanged as … Read more

Oil rises in volatile trade, Fed hike weighs

Oil rises in volatile trade, Fed hike weighs

Oil pump cylinders are seen at the Vaca Muerta shale oil and gas field in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Join now for FREE unlimited access to Reuters.com Register The US Fed will hold a policy meeting on July 26-27 Libya to boost oil production to 1.2m bpd … Read more